August WPI rate remains unchanged, eases on YoY basis

NEW DELHI: The rise in India's August wholesale price inflation (WPI) rate remained flat sequentially, but eased on a year-on-year basis, official data showed on Monday.

Accordingly, the rise in August's WPI remained unchanged at 1.08 per cent on a sequential basis.

However, it eased on a YoY basis. In August 2018, the WPI had risen to 4.62 per cent.

"The annual rate of inflation, based on monthly WPI for August 2019, remained unchanged at 1.08 compared to July 2019 and 4.62 per cent during the corresponding month of the previous year, " the Ministry of Commerce & Industry said in its review of August WPI numbers.

"Build up inflation rate in the financial year so far was 1.25 per cent compared to a build up rate of 3.27 per cent in the corresponding period of the previous year."